Define the following terms: a. Demand deposits b. Compensating balance c. Disbursement float d. Deposit float e.
Question:
Define the following terms:
a. Demand deposits
b. Compensating balance
c. Disbursement float
d. Deposit float
e. Lockbox
f. Wire transfer g. Depository transfer check h. Zero-balance system i. Draft j. Automated clearinghouse: LO1
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